Let the inflation games begin! After the Swedish National Bank and the Swiss Central Bank have already lowered their interest rates to support the euro, the European Central Bank is now following suit and lowering its key interest rate from 4 to 3.75%. That's what these people call fighting inflation! Have fun for those who don't have a hard assets now.
52 sats \ 5 replies \ @Satosora 6 Jun
Do you think it will hit the euro as hard as it hit the dollar?
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10 sats \ 4 replies \ @TomK OP 6 Jun
I will post some articles about the euro these days. This thing is dead. A crawling zombie
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31 sats \ 3 replies \ @0xbitcoiner 6 Jun
Why dead? It seems exaggerated to me, but you'll have your arguments.
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26 sats \ 2 replies \ @TomK OP 6 Jun
I will present my points soon. I am in Vienns at the Prater, drinking my pint.... enyoing the shitshow
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10 sats \ 1 reply \ @0xbitcoiner 6 Jun
Waiting... Enjoy the pint :)
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16 sats \ 0 replies \ @TomK OP 6 Jun
Lovely place, Vienna. Thanks
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64 sats \ 0 replies \ @0xbitcoiner 6 Jun
The ECB is set to cut interest rates for the first time in nearly five years, but persistently high inflation is likely to limit further reductions. Economists predict one cut per quarter. The decision is highly anticipated and will be historic for several reasons, not least because it is the first time the ECB has moved ahead of the Federal Reserve in cutting rates and initiated a monetary easing cycle without the eurozone economy being in a recession or heading towards one.
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42 sats \ 0 replies \ @siggy47 6 Jun
Jerry Powell will join the fun soon.
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42 sats \ 3 replies \ @Undisciplined 6 Jun
Following Canada's lead, it seems.
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21 sats \ 2 replies \ @TomK OP 6 Jun
... into monetary abyss
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42 sats \ 1 reply \ @Undisciplined 6 Jun
Ha! America is once again the "shining city on a hill", but only because everyone else fell into sinkholes.
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21 sats \ 0 replies \ @TomK OP 6 Jun
Yep. This won't change as long as we live
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34 sats \ 0 replies \ @SatsMate 7 Jun
Canada as well!
When will the FED bow down? I don't think they can quite yet - but for sure before the election even if the inflation fight hasn't been won.
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